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Kazakhstan Exploring Alternatives to CPC

OIL

Kazakhstan intends to start shipping oil to Azerbaijan in March for transportation along the Baku-Tbilisi-Ceyhan (BTC) route, Bulat Zakirov, deputy chairman of the executive board for transportation at KazMunayGas (KMG) said.

  • "We signed an agreement at the end of last year with the State Oil Company of the Azerbaijan Republic (SOCAR) on shipping 1.5 million tonnes of oil per year. We plan to ship Tengiz oil under the agreement. We plan to start shipping along this route this month," Zakirov said.
  • Zakirov said the Caspian Pipeline Consortium (CPC) system was still the main export route for Kazakh oil, providing the best export economy.
  • "Even though CPC remains our main route, we are looking at options to diversify supply routes and ensure flexibility," Zakirov said.
Energy BulletsCommodities
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